Pay Down Your Credit Cards

Credit cards sure are tempting. And before we know it, we can find ourselves in a real hole. So let’s sort it out and make a real action plan plan to get you out of it. We’ll figure out a budget, a savings system, a path to better credit and how to manage your everyday money. We’ll give you the nudges you need to move forward without sliding backward.

You’ll walk away with a checklist of little victories that, over the course of time, will lead to a lifelong triumph over debt and financial despair.

Clarifi is now an affiliate of GreenPath Financial Wellness, who are licensed to offer Debt Management Programs. As partners, we are stronger together to help you achieve your financial goals. To schedule an appointment call 844-440-5578 or visit GreenPath Financial Wellness.

Here’s what we’ll do in our very first session:

Review your monthly expenses, like rent or mortgage, utilities and car or other loan payments

Determine if your income covers at least your essential monthly expenses and at least some of your debt payments

We’ll look at strategies for reducing your debt and create an action plan based on the option that’s best for you

FAQs

How can I dispute an error on my credit report?

Send your letter by certified mail, “return receipt requested,” so you can document what the credit reporting company received. Keep copies of your dispute letter and enclosures. Credit reporting companies must investigate the items in question — usually within 30 days

How can I establish credit?

Get credit for the rent you pay. If you're building your credit score from scratch, you'll likely need to start with a secured credit card.

How often do credit scores change?

Your credit score changes as your credit report changes. Therefore, it can change often since new information is added to your credit report all the time

What effect can an error have on your credit report?

Account-related and derogatory mark errors could affect your credit score, which could then affect whether you'll qualify for a financial product such as a credit card or loan and what terms you can get. Personal information errors typically don't affect your credit score, but they could alert you to a reporting issue -- or even fraud.

What information goes into calculating a credit score?

Credit scores use information from three key areas of your credit report: account information (such as credit cards, auto loans, student loans, mortgages and rent), public records (such as tax liens or bankruptcies) and inquiries (requests by lenders to view your credit). Information such as race, gender, where you live and marital status are not used in credit scores

What is a credit score?

A credit score is a numerical expression based on a level analysis of your credit files, to represent your creditworthiness . A credit score is used by a lender to help determine whether a person qualifies for a particular credit card, loan, or service.

What is a good credit score?

While different lenders have their own standards for rating credit scores, 700 and higher (on a scale of 300 to 850) is generally considered good.

What is a secured credit card?

A secured card is backed by a cash deposit you make upfront; the deposit amount is usually the same as your credit limit.

Why is credit so important?

Your credit history and score is one of your most important parts of your financial life. Your credit score follows you forever and it will play a huge role in many major financial situations throughout your life.